An employee has been developing a company product for the last 3 years when he decides to leave the company. That product is a glue that remains tacky for hours, enabling certain types of artwork to be performed. After he leaves the company, the employee joins another company and finalizes the glue development for his new company. Who is likely to own the rights of the intellectual property involved in the formulation of the glue?

The options are given below

A. The employee; he invented it.

B. The original company who paid for the product to be developed.

C. The new company because the product was released while the employee worked for them.

D. The glue cannot be considered intellectual property.

The answer is B.

Explanation:

Intellectual property refers to creations/inventions of the mind, they include; inventions, literary and artistic works, symbols, names and images used in commerce,etc.

In the above scenario, the intellectual property here is the glue that has been produced by the employee.

Intellectual property rights include the following:

Th rights of an intellectual property can be owned by one or more entities. In the scenario given above however, the intellectual property rights is owned by the first company that sponsored and paid for the glue to be developed, therefore, as the employee leaves, the glue is supposed to remain with the company that paid for it

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